During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI's software, named Grok, into its vehicles.
Tesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5 billion into his newest startup, xAI.
Specifically, he asked: "Should Tesla invest $5B into @xAI, assuming the valuation is set by several credible outside investors? " Musk replied, "Tesla is learning quite a bit from xAI. It's been actually helpful in advancing Full Self-Driving and in building up the new Tesla data center. With regards to investing in xAI, I think we'd need to have a shareholder approval of such investment. But I'm certainly supportive of that if shareholders are.
XAI's first product, Grok, is a far cry from providing the utility of leading chatbots like OpenAI's ChatGPT, Google's Bard, Microsoft's Bing and Anthropic's Claude today. Musk has billed Grok as a politically incorrect and witty alternative to these existing offerings.
Technology Autos Elon Musk Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge Overseeing Elon Musk’s Crusade Against Media Matters Owns Tesla StockMMFA is arguing that Reed O'Connor, conservative district judge in Texas, may have a conflict of interest in Elon Musk's crusade against them.
Read more »
Elon Musk: Tesla’s 4680 Batteries At Cost Parity With Cheapest Suppliers’ By End Of YearClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
Dozens of Tesla Cybertrucks vandalized by someone who really doesn’t like Elon MuskDozens of Tesla Cybertrucks in a Florida parking lot were defaced with a crude message about Elon Musk last week. The message was eventually removed.
Read more »
Elon Musk asks if Tesla should invest $5 bln in xAIElon Musk asks if Tesla should invest $5 bln in xAI
Read more »
Tesla Buyers Disgusted by Elon Musk’s Endorsement of Donald TrumpScience and Technology News and Videos
Read more »
Elon Musk is not answering the most important questions about the Tesla robotaxiTesla CEO Elon Musk won’t say whether the long-awaited robotaxi will have a steering wheel or pedals, or whether he will need to get exemptions to federal safety standards.
Read more »